Filing Details

Accession Number:
0001209191-19-047650
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-08-28 19:53:58
Reporting Period:
2019-08-26
Accepted Time:
2019-08-28 19:53:58
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1618756 Restaurant Brands International Inc. QSR () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1574771 Joshua Kobza 130 King Street West
Suite 300
Toronto A6 M5X 1E1
Coo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares Acquisiton 2019-08-26 32,991 $27.28 148,694 No 4 M Direct
Common Shares Acquisiton 2019-08-26 300,000 $27.28 448,694 No 4 M Direct
Common Shares Disposition 2019-08-26 203,198 $76.71 245,496 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Shares Option (right to buy) Disposition 2019-08-26 32,991 $0.00 32,991 $27.28
Common Shares Option (right to buy) Disposition 2019-08-26 300,000 $0.00 300,000 $27.28
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2024-03-06 No 4 M Direct
0 2024-03-06 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Shares Exchangeable units $0.00 5,413 5,413 Direct
Common Shares Option (right to buy) $42.26 2019-12-31 2025-03-05 35,494 35,494 Direct
Common Shares Option (right to buy) $42.26 2020-03-06 2025-03-05 300,000 300,000 Direct
Common Shares Restricted Share Units $0.00 26,730 26,730 Direct
Common Shares Dividend Equivalent Rights $0.00 2,036 2,036 Direct
Common Shares Performance Share Units $0.00 2021-02-26 2021-02-26 353,500 353,500 Direct
Common Shares Dividend Equivalent Rights $0.00 26,895 26,895 Direct
Common Shares Restricted Share Units $0.00 20,114 20,114 Direct
Common Shares Dividend Equivalent Rights $0.00 1,222 1,222 Direct
Common Shares Option (right to buy) $56.92 2022-05-05 2027-05-04 200,000 200,000 Direct
Common Shares Restricted Share Units $0.00 17,111 17,111 Direct
Common Shares Dividend Equivalent Rights $0.00 810 810 Direct
Common Shares Restricted Share Units $0.00 13,313 13,313 Direct
Common Shares Dividend Equivalent Rights $0.00 198 198 Direct
Common Shares Performance Share Units $0.00 2024-02-22 2024-02-22 225,000 225,000 Direct
Common Shares Dividend Equivalent Rights $0.00 3,349 3,349 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
5,413 5,413 Direct
2025-03-05 35,494 35,494 Direct
2025-03-05 300,000 300,000 Direct
26,730 26,730 Direct
2,036 2,036 Direct
2021-02-26 353,500 353,500 Direct
26,895 26,895 Direct
20,114 20,114 Direct
1,222 1,222 Direct
2027-05-04 200,000 200,000 Direct
17,111 17,111 Direct
810 810 Direct
13,313 13,313 Direct
198 198 Direct
2024-02-22 225,000 225,000 Direct
3,349 3,349 Direct
Footnotes
  1. The reporting person exercised these options in order to retain ownership of all shares, less those required to be sold to pay the exercise price and applicable taxes.
  2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $76.41 to $76.95 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
  3. Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of RestaurantBrands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certaincircumstances). This conversion right has no expiration date.
  4. These options are immediately exerciseable.
  5. Each restricted share unit represents a contingent right to receive one common share.
  6. These restricted share units vest on December 31, 2020.
  7. Each whole dividend equivalent right represents a contingent right to receive one common share.
  8. These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.
  9. The shares reported represent an award of performance based restricted share units (the "2016 PBRSUs") granted to the Reporting Person. The 2016 PBRSUs had a three-year performance period beginning January 1, 2015 and ending December 31, 2018 and will vest 100% on February 26, 2021, which is the fifth anniversary of the grant date.
  10. These dividend equivalent rights accrued on the 2016 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 PBRSUs to which they relate.
  11. These restricted share units vest on December 31, 2021.
  12. These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.
  13. These restricted share units vest on December 31, 2022.
  14. These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.
  15. These restricted share units vest on December 31, 2023.
  16. These dividend equivalent rights accrued on the 2019 restricted share unit award (the "2019 RSUs"). Dividend equivalent rights accrue whenand as dividends are paid on the common shares underlying the 2019 RSUs and vest proportionately with and are subject to settlement andexpiration upon the same terms as the 2019 RSUs to which they relate.
  17. The shares reported represent an award of performance based restricted share units ("2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs will have a three-year performance period beginning January 1, 2019 and ending December 31, 2022 and will vest 100% on February 22, 2024, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the Issuer performance condition.
  18. Each whole dividend equivalent right represents a contingent right to receive one common share, subject to increase or decrease based on the results of the Issuer performance condition.
  19. These dividend equivalent rights accrued on the 2019 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on thecommon shares underlying the 2019 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same termsas the 2019 PBRSUs to which they relate.